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Beijing (CNS) -- A painting called "Mountains in Red" created by renowned artist Li Keran in 1964 sold for 293.25 million yuan (US$46.04 million) at the Modern Chinese Paintings and Calligraphies Evening Sale held by the Beijing Poly International Auction Company on Sunday.
The work was the single most expensive item at this year's spring auction.
Li painted the masterpiece after being "enlightened" by a poem written by late leader Mao Zedong. It is regarded as a milestone in his artistic life.
Li created altogether seven pieces from the same period. The one at the auction is the biggest and most valuable.
Chinese thrilling vixens.
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